u/sheriffderek wrote (the comment Michael replied to):
I'd be curious on the numbers. I read there were \~60,000+ CS grads per year in the US. So you know how many people graduate from CodeSmith per year? I bet they're a very small part of the pie when it comes to boot camps too. General people might have heard of places like Coding
u/michaelnovati replied · ★ FEATURED
Rounding up: 7 cohorts X 4 timezones (east, central, west, onsite) + 3 part time is 31 cohorts a year times 35 people is about 1000 as an upper bound.
That said there are about 2000 grads total ever so and from CIRR last year I would peg it at 700 for 2022.
Which makes me realize that Codesmith is actually growing quite fast by adding the NYC onsite.
Enrollment for cohorts has been way slower, numerous people interviewing to start a week later whereas last year it was full months ahead of time.
A cohort has 1 lead instructor, 1 instructor, 1 mentor, and 4 part time TAs. At 150K for lead for 12 weeks and 120K for instructor and mento and $25 an hour for 80 hours a week of TA time. I get $125K a cohort in people cost plus career support, overhead and leadership, etc.. that's shared across cohorts.
But they probably need only 10 people in a cohort paying $210K upfront for a cohort to be profitable.
So they probably won't remove any program any time soon.
We'll see in September 2024 what the numbers actually are.